Angel Broking, one of the largest retail broking houses in India, Angel Broking was established in 1996, providing broking, advisory and financial services, The brokerage firm has fixed the price band of the share sale at Rs 305-Rs 306 per share for its ₹600-crore initial public offering (IPO) that will open on September 22 and issue will close on September 24.
Check here details of Angel Broking IPO date, IPO offer price, lot size, subscription, Angel Broking IPO allotment and listings date, grey market price and other details like the company’s background and more.
About Angel Broking
Angel Broking, one of the largest retail broking houses in India, Angel Broking was established in 1996, providing broking, advisory and financial services. Dinesh D. Thakkar, Ashok D. Thakkar and Sunita A. Magnani are the promoters of the company.
Angel Broking IPO Details
|IPO Date||Opens on September 22, 2020 & Closes on September 24, 2020|
|Issue Type||Book Built Issue IPO|
|Issue Size||Raise around Rs 600 crores|
|Fresh Issue||Fresh Issue of Rs.300Crs|
|Offer for Sale||Offer for Sale of Rs.300Crs|
|Face Value of||₹10 per equity share|
|IPO Price||Price Band of Rs 305 – Rs306 per Equity Share|
|Market Lot||49 Shares and in multiples of 49 Equity Shares thereafter & Maximum 637 Shares|
|Minimum Amount||Minimum Amount: ₹14,994|
Maximum Amount: ₹194,922
|Allotment Date||September 29, 2020|
|Listing on||BSE, NSE|
Angel Broking Promoter
Dinesh D Thakkar, Ashok D Thakkar and Sunita A Magnani are the promoters of Angel Broking. As of September 15, promoters collectively held 2,07,18,725 equity shares, equivalent to 28.77 percent of the pre-offer paid-up equity capital of the company.
Angel Broking IPO Subscription Status Today
Latest Angel Broking IPO status available soon.
Angel Broking IPO Date
Angel Broking IPO (initial public offering) subscription opens on September 22 and closes on September 24.
Angel Broking IPO Price Band
Angel Broking IPO issue price band at Rs 305-306 per equity share.
Angel Broking IPO Lot Size
The lot size of the Angel Broking IPO is minimum of 49 equity shares and in multiples of 49 equity shares thereafter.
Angel Broking IPO Minimum lot of 49 shares of Rs 14,994 and Maximum investment of 13 lots of 637 stocks at Rs.194,922 at The face value of the equity share is Rs 10 each.
Angel Broking Limited IPO Issue Size
Angel Broking plans to raise Rs 600 crore via public issue which comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore.
The offer for sale comprises Rs 18.33 crore worth of shares selling by promoter Ashok D Thakkar, Rs 4.5 crore by another promoter Sunita A Magnani, Rs 120 crore by investor IFC and Rs 157.16 crore by an individual selling shareholder
Angel Broking IPO Objects
Net proceeds from the fresh issue will be utilised for working capital requirements and general corporate purposes, while the company will not receive any proceeds from the offer for sale.
Angel Broking IPO Grey Market Premium
As per the market conditions we can expect a good GMP for Angel Broking IPO with 25% listing gain.
Angel Broking Limited IPO Review:
Angel Broking IPO Subscribe for Short Term and Long Term View.
Angel Broking Company Financial
Established in 1987, Angel Broking is a financial services company that offers facilities such as stockbroking, commodity trading, depository services, investment advisory, and investor education. The company claims that as of FY18, at peak usage, it processes approximately 9.5 lakh trades in a day. It had an 8.31% market share in the commodity segment in FY18, while its share in the retail exchange turnover of the equity cash segment stood at 8.84%.
The company’s revenues stood at ₹7,64.28 crore (FY18), ₹7,57.97 crore (FY19), ₹7,24.62 crore (FY20), and ₹2,384.24 (Q1 2021). Meanwhile, profits for the respective periods were ₹107.08 crore, ₹79.83 crore, ₹82.34 crore, and ₹47.3 crore.
Angel Broking IPO Listed on NSE & BSE
Angel Broking equity shares after the completion of a public issue will be listed on the National Stock Exchange and on BSE Limited.
Angel Broking IPO BRLM
Angel Broking IPO book running lead managers (BRLM) appointed for the public issue are ICICI Securities, Edelweiss Financial Services and SBI Capital Markets. Link Intime India Private Limited is appointed as the registrar to the offer.
Angel Broking IPO Allotment Status Date and Listing
The company will finalise ipo allotment on September 29, while the refunds or unblocking of funds from ASBA accounts which did not get any share in allotment will take place on September 30.
Shares will be credited to accounts of eligible investors on October 1 and the trading in shares will commence from October 5.
Angel Broking IPO allotment status will be available on Link Intime India website.
How to Apply the Angel Broking IPO Online and Offline?
You can apply Angel Broking IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply offline via your stock brokers by filling up the offline form.
What is Angel Broking IPO Allotment Date?
Angel Broking IPO allotment date is 29 September 2020
How to Check Angel Broking IPO Allotment Status?
Angel Broking IPO allotment date is 29 September 2020. You can check Angel Broking IPO allotment status on Link Intime India Private Limited website.
What is Angel Broking Stock Listing Date?
Angel Broking Stock listing date is 5 October 2020. The IPO to list on NSE and BSE.
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